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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2020

February 12, 2020

BALTIMORE, Feb. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.21 trillion as of January 31, 2020. Client transfers from mutual funds to other investment portfolios, including trusts and separate accounts, were $2.8 billion in January 2020.

The firm's assets under management as of January 31, 2020, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

   

As of
   

Preliminary(a)

      

(in billions)

  

1/31/2020

  

12/31/2019

  

U.S. mutual funds

          

 Equity and blended assets

  

$

550

    

$

553

    

 Fixed income, including money market

  

133

    

130

    
   

683

    

683

    

Subadvised and separate accounts and other investment products

          

 Equity and blended assets

  

416

    

412

    

 Fixed income, including money market

  

113

    

112

    
   

529

    

524

    

Total assets under management

  

$

1,212

    

$

1,207

    

Target date retirement products

  

$

292

    

$

292

    
                   

(a) Preliminary - subject to adjustment

                  

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2020-301003691.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan_azevedo@troweprice.com